That was tape-painting at the end of the day, you know that. Almost 1 million shares traded today between 0.0090-0.0098. The chart looks terrible. ADX is floating in the middle of nowhere, RSI is in the toilet. CMF is often a misleading indicator. Weekly chart looks even worse ...
I watched the tape carefully at the EOD. A couple of MMs pulled their 0.009 bids with 2 minutes to go - that typically happens. The tape painter bought at the ask of 0.012 with 30 seconds to go - but someone outsmarted him and sold at the bid at 0.0105 with 15 seconds left (!)
The MMs will be buying/selling between 0.009 and 0.01 at the open tomorrow, I'd bet on that ...
I predict tomorrow will be no better than today for BIGN - most trades under 0.01, low of the day maybe 0.008, close under 0.01 most probably. We'll see ...
GLTY
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